Category Archives: Technology: Electronics

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Virtual Data Room Provider Firmex Publishes Inaugural EMEA Edition of Annual Report on M&A Advisory Fees in the Middle Market


Firmex, a global provider of virtual data room and secure document sharing solutions, today announced the publication of its first EMEA Edition of the annual report on M&A fees. M&A Fee Guide 2021-2022 is the authoritative source on M&A fees for sell-side engagements in the middle market. The fee guide serves as a reference point for both M&A advisors and business owners on the pricing of fees.

“We’re proud to offer a regional edition of our annual fee guide for the first time this year, and to be partnering with DealCircle to do so. Our goal in publishing this guide is to make the discussion of fees between M&A advisors and their clients more accessible by presenting the state of M&A advisory fees and how they are charged,” said Mark Wright, Chief Commercial Officer at Firmex. “This year’s report reflects the unique challenges of the past year, as well as the strength and resiliency of middle market M&A. We’re confident that reading the data and accompanying commentary will help advisors better serve their clients.”

Using data gathered from a survey of midmarket dealmakers, the guide highlights key points of interest on M&A fees, shared across geographies and deal sizes. The findings in M&A Fee Guide 2021-2022 are also presented with featured commentary from M&A experts at DealCircle, JPA Brenson Lawlor, and Aventis Capital, sharing their views on how the data matches up with their professional experience.

Key Highlights

In response to COVID-19, only 5% of M&A practitioners reported adjusting their fee structure.

In an engagement letter setting out the terms and conditions for the client-firm relationship, only 35% of M&A professionals include a break fee if the client declines an offer.

When asked about engagement, work, or retainer fees collected by M&A professionals, 51% said they are typically netted against the success fees earned.

M&A advisors and business owners will learn useful insights on the expectations, negotiations, structuring, and associated practices surrounding M&A fees. By reading the guide, M&A advisors and their clients can have more transparent conversations on advisory fees and how they’re charged, to better align expectations for compensation on the deal.

To access the complete report M&A Fee Guide 2021-2022, visit: https://www.firmex.com/resources/reports-guides/ma-fee-guide-2021-2022-emea/

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About Firmex Inc.

Firmex is a global provider of virtual data room and secure document sharing solutions. As one of the world’s most widely used virtual data rooms, Firmex supports complex processes for organizations of all sizes, including diligence, compliance, and litigation. Whenever professionals need to share sensitive documents beyond the firewall, Firmex is their trusted partner. A Firmex subscription provides simple, safe, and stress-free document sharing without hidden costs or complexity. Since 2006, Firmex has helped thousands of companies worldwide take control of their confidential documents. For more information, please visit firmex.com.

Media Contact:

Mark Wright, CCO, Firmex

416-840-4241 ext. 281

mark.wright@firmex.com

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Alcatraz AI to Showcase Autonomous Access Control Solutions at ISC East 2021


“We have changed the way that companies control access and mitigate tailgating, by providing a facial authentication solution that makes accurate, quick, and powerful decisions at the edge,” said Tina D’Agostin, CEO of Alcatraz AI.

Alcatraz AI, a leader in physical security technologies, will showcase its state-of-the-art product, the Rock, at ISC East (Booth 500). The security conference is taking place at the Javits Center in New York City on November 17-18, 2021.

ISC East 2021, the largest annual converged security trade show, features training on security and public safety best practices while highlighting the latest technologies related to the safety sector. Alcatraz AI provides organizations with autonomous access control through AI-powered facial authentication that works in real-time to automate identity verification making spaces safer. With features like touchless or multi-factor authentication, auto-enrollment, tailgating intelligence, and video at the door, the Alcatraz access control solution makes companies’ physical security strategies future-proof.

The Alcatraz AI Rock, which combines advanced AI and 3D sensing technologies that provide facilities with enterprise-grade identity verification, is compliant with ONVIF standards. ONVIF certification allows Alcatraz AI to bridge the gap between access control and video management with a single device. Alcatraz AI’s Rock can function as an ONVIF camera and is certified with Profile S and Profile T to provide IP-based video streaming.

The Rock has the unique ability to effectively mitigate tailgating by detecting breaches in real-time and then preventing them. The solution can be configured to send an alert to the access control system (ACS) when an unauthorized user follows an authenticated user through a door. Alcatraz provides data on tailgating hotspots to support employers’ policy and stop breaches to ultimately modify physical security and access control.

“We have changed the way that companies control access and mitigate tailgating, by providing a facial authentication solution that makes accurate, quick, and powerful decisions at the edge,” said Tina D’Agostin, CEO of Alcatraz AI. “We look forward to showcasing all of the unique capabilities of the Alcatraz AI solution to ISC East attendees.”

For more information on Alcatraz AI facial autonomous access control systems, please visit http://www.alcatraz.ai or stop by our booth (Booth 500) at ISC East 2021. Follow this link to schedule a meeting with Alcatraz AI at ISC East.

About Alcatraz AI:

Alcatraz AI transforms access control by leveraging artificial intelligence and analytics to make powerful decisions at the edge, where your face becomes your credential. Alcatraz’s facial authentication technology and intelligent tailgating detection enable enterprises to innovate and future-proof their security strategy. Our state-of-the-art product, the Rock, is designed to be easy to deploy on any access control system, providing an enterprise-grade security solution to protect businesses, people and assets. Visit http://www.alcatraz.ai for more information and follow the company’s updates on LinkedIn.

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Covisum Benefit Cut Calculators Updated to Account for Changes Outlined in Latest Social Security Trustees Report


Advisors have an obligation to educate clients on the relevant details and nuances from the Social Security Trustees report.

Today, Covisum® announces updates to their Social Security benefit cut calculators.

Covisum launched a benefit cut calculator in Social Security Timing® and added a benefit cut stress test to Income InSight® in April. Following the release of the 2021 OASDI Trustees Report in August, Covisum released updates to the calculators to default to the estimations outlined in the report.

“Ultimately, some combination of changes to the Social Security program will be necessary, and we should expect that as the trust fund exhaustion date approaches, calls for reform will increase. Reforms are unlikely to impact every individual equally,” said Covisum’s Founder and President, Joe Elsasser, CFP®. “The updated calculators help consumers and advisors see how changes or cuts might impact a retirement income strategy so they can make contingency plans if needed.”

Consumers can also see how the latest prediction would impact them with this free consumer calculator.

“Advisors have an obligation to educate clients on the relevant details and nuances from the Social Security Trustees report,” said Elsasser. “Testing retirement strategies to make sure clients will still be able to reach their goals even if the cuts to Social Security materialize is critical.”

Social Security Timing and Income InSight subscribers can now see the changes reflected in the software. New advisors and financial institutions interested in Covisum’s benefits cut calculator can contact sales@covisum.com.

About Covisum

Covisum is an advisor-led financial technology company that developed Social Security Timing ®, Tax Clarity ®, SmartRisk ™, and Income InSight ®. The Covisum software suite has helped thousands of financial advisors optimize their clients’ retirement income strategies and streamline their financial planning process. For more information, visit covisum.com.

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FinTech Global Ranks Maptycs Among Most Innovative Insurtech Providers Shaping the Future of the Industry


Maptycs is a Insurtech100 company

Maptycs, an insurtech company that uses geospatial visualization and advanced analytics technology to help insurance professionals manage property risk exposure, assess climate change impacts, and monitor severe weather events in real-time, has been named to FinTech Global’s InsurTech100 ranking.

Today, Maptycs (https://maptycs.com), an insurtech company that uses geospatial visualization and advanced analytics technology to help insurance professionals manage property risk exposure, assess climate change impacts, and monitor severe weather events in real-time, announced it had been named to FinTech Global’s InsurTech100 ranking for a second consecutive year. According to Fintech Global’s announcement on November 26, 2021, the Insurtech100 highlights the world’s most innovative InsurTech companies that will impact the insurance industry as it continues its explosive digital transformation.

“We are proud to have been recognized by FinTech Global as one of the world’s most innovative insurtechs” said Jacqueline Legrand, Founder and CEO of Maptycs. “With Maptycs®, underwriters can more effectively assess property risks, compute competitive premiums and achieve profits in a fast-changing climate risk environment.”

Fintech Global’s announcement emphasized its recognition of insurtech solutions currently shaping the future in the insurance industry, with a panel of analysts and industry experts who carefully evaluated and selected from a list of more than 1,400 companies. The companies selected in the final list were identified for their innovative use of technology to solve a significant industry problem, generate cost savings, or improve efficiency across the insurance value chain.

The full list of the InsurTech100 can be found at http://www.TheInsurTech100.com

About Maptycs

MAPTYCS® is a property risk exposure management and event response solution for the commercial insurance industry. Through its next-generation platform, MAPTYCS® combines the latest technologies, a proprietary Geographic Information System (GIS), a fully integrated Business Intelligence capability (BI) tool and a data warehouse, to store and manage high volume location-based data. It also includes a highly customizable notifications engine to monitor severe weather events. Underwriters can more effectively assess risk to compute premiums and place adequate reinsurance, while setting timely and adequate reserves for claims payouts. The overall goal is to remain competitive and achieve underwriting profits in a fast-changing risk environment. The platform is powerful, easy to use and can be integrated in existing systems. Visit https://maptycs.com/https://maptycs.com/ for more information

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ADLINK collaborates with ecosystem partners to provide end-to-end C-V2X solutions to accelerate innovation and commercialization for connected cars and autonomous driving


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Summary:


  • ADLINK is dedicated to working with ecosystem partners Askey, Institute for Information Industry (III) and EOI to develop and deploy an integrated cellular vehicle-to-everything (C-V2X) solution that will significantly improve road safety and traffic efficiency
  • The collaboration exploits ADLINK’s deep expertise in developing and deploying rugged AI-enabled in-vehicle computers, private 5G networks, 5G edge servers, and intelligent edge infrastructure
  • ADLINK and partners are undertaking a list of pilot projects across Taiwan to test various use cases featuring different implementation approaches and application requirements

ADLINK Technology Inc., a global leader in edge computing, has joined forces with ecosystem partners Askey Computer Corp., the Institute for Information Industry (III) and Excellence Opto. Inc. (EOI) to develop and deploy an end-to-end C-V2X solution. The collaboration integrates AI-enabled technologies and applications with 4G LTE/sub-6GHz 5G NR vehicle network connectivity, smart traffic lights and signal controllers. The C-V2X solution will significantly improve road safety and traffic efficiency, establishing a solid foundation to help accelerate technology innovation and commercialization of intelligent transportation systems (ITS), autonomous driving and connected vehicles.

V2X technologies are designed to connect vehicles to each other (V2V), to pedestrians (V2P), to roadway infrastructure (V2I), and to the network (V2N). The 802.11p Wi-Fi standard established the foundation for V2X communications to enable drivers to avoid accidents and traffic jams. With a wider range than a dedicated short-range communication (DSRC) and much lower latency, 4G LTE and 5G based C-V2X will communicate real-time data further. And, when used together with onboard intelligence, it will accelerate more intelligent transportation systems (ITS) and Level 3 and above autonomous driving.

“We are excited to work with our partners Askey, III and EOI to build and test the advanced C-V2X solution,” said Henry Hu, Director of Global Business Development for Networking, Communications and Public Sector, ADLINK. “We are seeing a strong momentum worldwide in developing and implementing C-V2X as the technology can substantially improve road safety, traffic efficiency and revolutionize logistics. And importantly, C-V2X can greatly accelerate technology innovation and commercialization of autonomous driving. A quick and broad adoption of C-V2X requires extensive collaboration of industry participants, which is why ADLINK is dedicated to building a comprehensive ecosystem. With a strong commitment to leading consortia, such as the Autoware Foundation and Open Source Robotics Foundation, we will continue our contribution to technology advancements of C-V2X, connected cars and autonomous driving.”

The collaboration addresses the complex technology challenges from data collection to communication to processing in real-time by leveraging ADLINK’s deep expertise in developing and deploying rugged AI-enabled in-vehicle computers, private 5G networks, 5G edge servers, and intelligent edge infrastructure. The C-V2X solution integrates ADLINK’s AI-enabled in-vehicle computer platform based on the AVA-3510 series, with Askey’s onboard/roadside unit (RSU/OBU), III’s: AI-enabled applications including image-based AI vehicle identification, tracking and warning technology, and EOI’s smart traffic light and traffic signal controller.

There are already four C-V2X pilot projects underway across Taiwan that implement both direct sidelink and cellular network communications. The projects are designed to test various use cases based on the enhanced 5G quality of service (QoS) for ultra-reliable, low-latency and high bandwidth communications.

  • The first is an Intelligent Transportation System (ITS) application that uses V2I and V2V technologies for controlling traffic in New Taipei City.
  • The other three projects are for autonomous vehicles. Taipei City, SPaT (Signal Phase and Timing) techniques at traffic signals together with a MAP application prioritize automated buses via the connected traffic light controller to optimize traffic flow for intersections.
  • In Taoyuan City, V2I and V2V technologies are implemented to connect automated buses with roadside equipment (RSE) and roadside units (RSUs).
  • And in Tainan City, another auto-bus application uses V2I technologies for monitoring operations, which is integrated with an advanced driver-assistance system (ADAS).

Besides improving road safety and traffic flow, the C-V2X solution developed by ADLINK and its partners can provide autonomous driving and automotive system integrators with a validated, integrated template to speed time-to-market. It can also help wireless service providers create new business opportunities.

ADLINK is committed to building a comprehensive ecosystem for C-V2X, which is key to its successful implementation and uptake. For more information, please visit the connected and autonomous vehicle solutions page on the ADLINK website.

About ADLINK Technology

ADLINK Technology Inc. (TAIEX:6166) leads edge computing, the catalyst for a world powered by artificial intelligence. ADLINK manufactures edge hardware and develops edge software for embedded, distributed, and intelligent computing – from powering medical PCs in the intensive care unit to building the world’s first high-speed autonomous race car – more than 1600 customers around the world trust ADLINK for mission-critical success. ADLINK holds top-tier edge partnerships with Intel, NVIDIA, AWS, and SAS, and also participates on the Intel Board of Advisors, ROS 2 Technical Steering Committee and Autoware Foundation Board. ADLINK contributes to open source, robotics, autonomous, IoT and 5G standards initiatives across 24+ consortiums, driving innovation in manufacturing, telecommunications, healthcare, energy, defense, transportation and infotainment. For over 25 years, with 1800+ ADLINKers and 200+ partners, ADLINK enables the technologies of today and tomorrow, advancing technology and society around the world. Follow ADLINK Technology on LinkedIn, Twitter, Facebook or visit adlinktech.com.

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A.N. Solutions’ Expertise is Called For To Reduce Energy Consumption of 5G Networks


Data Radio Network with Adaptive Hardware and AI Optimization to Reduce Energy Consumption

“TU Dresden was delighted to receive this award, and our team looks forward to working with A.N. Solutions and other partner companies on making the new technology a reality,” said Professor Frank Ellinger, Head of the DAKORE Project at TU Dresden.

A.N. Solutions GmbH, a leading Industrial Internet of Things (IIoT) design house, today announced that it was to collaborate with the Technische Universität Dresden (TU Dresden) and the team of select technology companies on the “DAKORE” research project awarded by German Federal Ministry of Education and Research (BMBF). DAKORE stands for “Data Radio Network with Adaptive Hardware and AI Optimization to Reduce Energy Consumption” in German. The project’s goal is to reduce the power consumption of 5G networks by up to 60%.

The energy consumption cut will be achieved via on-demand optimization of several greatly varying performance requirements. The novelty of the approach is that, for the first time, it involves both hardware and software. From algorithms to transistor control, various parameters are dynamically adapted to changing requirements. Such a holistic approach leads to a considerable reduction of power consumption by power amplifiers in cellular base stations while maintaining a high quality of service.

“We are honored to be chosen for the project aimed at building a sustainable future,” said Mr. Thomas Lerm, CEO of A.N. Solutions GmbH. “For over ten years, we have been developing customized battery-powered sensor solutions for transportation, logistics, building and industrial automation, as well as energy management. A.N. Solutions’ engineers think out-of-the-box and use many innovative approaches such as gatewayless data aggregation using NB-IoT for the widely distributed sensor nodes. We look forward to contributing to this important initiative in the areas of NB-IoT battery-powered networks and AI optimization.”

“TU Dresden was delighted to receive this award, and our team looks forward to working with A.N. Solutions and other partner companies on making the new technology a reality,” said Professor Frank Ellinger, Head of the DAKORE Project at TU Dresden. “From climate change to the COVID-19 pandemic, the challenges abound in the twenty-first century. The proliferation of contactless systems further boosts the spread of wireless data networks that can be quite power hungry. Efforts to reduce the carbon footprint will be very important. We have assembled a very competent team and adopted a holistic approach to confront this challenge head-on and find a solution.”

As growing digitization increases the power consumption of computer networks, maintaining a low carbon footprint becomes difficult. Communications in computer systems will dominate energy consumption while computing itself remains low power. The BMBF innovation competition “Electronics for energy-saving information and communication technology” had 22 teams throughout Germany apply to help tackle this future challenge.

Ten teams from research institutions, universities, and colleges started to design correspondingly innovative research projects. The projects were each funded by the BMBF for a nine-month concept phase. Out of these ten projects, three applications were selected by the BMBF based on their relevance for the country, savings potential, level of innovation, and approach to the solution. The DAKORE project was among the three finalists that will receive funding for the implementation phase, which is three years long.

About A.N. Solutions

A.N. Solutions is a leading Internet of Things (IoT) design house specializing in concept-to-market wireless networking solutions for energy management, building automation, and other application areas demanding intelligent and reliable wireless connectivity. A.N. Solutions help OEMs and system integrators to roll out new products and flexible, scalable, secure, and resilient wireless network solutions on time and on budget with no in-house RF expertise by offering easy-to-use hardware and software components and engineering services. Ultra-sensitive IEEE 802.15.4/Zigbee and Bluetooth RF modules, embedded software and development tools for Sub-1 GHz and 2.4 GHz license-free ISM bands enable quick and seamless technology implementation, customization, and integration with the existing infrastructure, such as GNSS, WLAN, and more. Headquartered in Dresden, Germany, the A.N. Solutions team possesses over ten years of experience, adhering to the spirit of innovation and “Made in Germany” quality. For more information, please visit http://www.an-solutions.de or https://www.linkedin.com/company/an-solutions-gmbh.

Adaptive Network Solutions GmbH

Tel.: +49 351 30900 199

Email: press@an-solutions.de

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ModelOp Automates Essential Artificial Intelligence (AI) Governance and Regulatory Requirements


End-to-End AI Model Governance

ModelOp Center – Model Risk and Compliance Dashboard

ModelOp, the pioneer of ModelOps software, announced new automated AI governance capabilities that address model risk management regulations identified in the Federal Reserve’s SR 11-7 guidelines, the European Commission’s proposed rules on Artificial Intelligence, along with AI regulations issued by organizations such as the OCC, SEC, and FINRA.

Enterprise leaders are placing big bets on AI to transform their business; however, the AI models that drive this change come with new risks. The Federal Reserve and other governmental agencies in the U.S. and other countries recognize this and are creating and enforcing new regulatory requirements to minimize these risks by outlining practices that ensure fairness, interpretability, accountability, and transparency for AI model operations (ModelOps).

With the new v2.5 release of ModelOp Center, enterprises can


  •     Automate up to 30 percent of the model documentation effort, reducing the manual work effort of high-cost data scientists and model validators
  •     Get a 360 view of model compliance across the enterprise informing executives, line of business leaders, compliance teams and risk teams of the compliant state of models
  •     Create model risk testing in a reproducible and auditable manner, ensuring risk and regulatory requirements are adhered to by automating and tracking the testing process
  •     Automatically notifying model risk and business teams of a serious business or compliance breach based on model risk thresholds
  •     Securely and persistently share model-specific metadata and other information across data science, risk, SecOps, and IT systems throughout the model’s life cycle with native integrations

These new capabilities make it faster and easier to comply with regulatory requirements that are designed to reduce risk and ensure reliable decision-making for AI models. Today this work is performed manually by highly paid data scientists and model validators, making it costly and delaying model deployment and use.

“ModelOp Center was created to address the governance and operational scale challenges enterprises face as they go from having tens, to hundreds, to thousands of models driving critical business decisions,” said Dave Trier, vice president of product. “By automating manual risk and compliance steps throughout the model’s life cycle, enterprises can significantly reduce the cost and effort for satisfying regulatory requirements, deploying models faster and ensure models are making reliable decisions.”

“As enterprises continue to use AI models to replace human decision making, we will see more regulations to ensure trustworthy, reliable AI decisioning. Little innovation has been done to modernize and accelerate the time-consuming, labor intensive and expensive model risk and compliance work,” said Avi Kalderon, CEO of Opening Bell Ventures. “It’s great to see ModelOp delivering new capabilities in this area and filling the gap.”

ModelOp Center has designed governance into the model life cycle, enforcing business, operational and governance requirements from pre-deployment to end of life. Automated model life cycle processes rigorously track and capture underlying model lineage, assets and metadata for each and every model, ensuring reproducibility that supports forensic auditing.

Executive compliance and operational dashboards provide a continuous view of model compliance, operational stability and business contribution.

Additional resources:

About ModelOp:

ModelOp, the pioneer of ModelOps software, enables enterprises to address the critical governance and scale challenges necessary to fully unlock the transformational value of enterprise AI and Machine Learning investments. Core to any AI orchestration platform, G2000 companies use ModelOp Center to govern, monitor and orchestrate models across the enterprise and deliver reliable, compliant, and scalable AI initiatives.

About Opening Bell Ventures:

Opening Bell Ventures provides services to C-level executives helping them shape and successfully execute on their Digital Transformation Programs. Today, more than ever, firms face the imperative of enhancing and aggressively accelerating their Digital Agenda.

Services provided include Data Enablement, Advanced Analytics, Machine Learning & AI, Model Risk Management and Ethics in the age of Autonomous Algorithms.

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Ex-GM EV Director Added to Nanoramic Board


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Tony will be a key resource for Nanoramic’s leadership with his comprehensive skillset in automotive technology and product development. His insight will be invaluable as Nanoramic disrupts the electric vehicle market with our Neocarbonix™ electrode technology.

Nanoramic® Laboratories, an industry-leading energy storage and advanced materials company, welcomes Tony Posawatz P.E. to its Board of Directors. Posawatz is former President and CEO of Fisker Automotive, and former Head of Electric Vehicle Development of the Chevrolet Volt at General Motors (GM). Posawatz is also a Board Director of Lucid Motors. He will be a significant asset as the company delivers low-cost and high-performance technology to the lithium-ion battery market and other energy storage industries.

Eric Kish, CEO of Nanoramic, said: “Tony will be a key resource for Nanoramic’s leadership with his comprehensive skillset in automotive technology and product development. His insight will be invaluable as Nanoramic disrupts the electric vehicle (EV) market with our Neocarbonix™ electrode technology.”

Neocarbonix is an electrode technology that reduces costs by 20% and improves energy density by 30% compared to current battery designs, while enabling fast charging and longer lifetimes for EV batteries.

Posawatz is best known for many product innovations and industry firsts. Through his former leadership at Fisker Automotive and GM, Posawatz is an automotive expert with 40 years of industry experience. He notably led his product development teams to numerous awards including both Motor Trend “Truck of the Year” and “Car of the Year” honors.

He now serves as President and CEO of Invictus iCAR (innovation Consulting Advisory Resources), focusing on the advancement of automotive technology companies, with an emphasis on EVs and cleantech. Posawatz serves as a non-executive Director for several public and private companies ranging from EV manufacturers, Tier I suppliers, connected car-tech, energy storage and more. He also advises various private equity and venture capital firms, as well as new mobility initiatives.

“Nanoramic has developed industry-leading technology, and I am looking forward to seeing it widely deployed in the next generations of EVs,” said Posawatz. “The battery is the most important part of an EV, and Nanoramic’s electrode is a step change in what is possible.”

About Nanoramic

Nanoramic® Laboratories is an industry-leading energy storage and advanced materials company that has developed an innovative electrode technology, Neocarbonix™. Nanoramic® is commercializing this technology to transform energy storage for electric vehicles by increasing energy density and longevity, while reducing costs. Founded in 2009 out of MIT, Nanoramic® is the exclusive designer, manufacturer, and licenser of Neocarbonix™ electrodes, FastCap® Ultracapacitors and Thermexit™ thermal interface gapfiller pads. See http://www.nanoramic.com

Nanoramic, Thermexit, Neocarbonix and FastCap are trademarks of FastCap Systems Corporation, doing business as Nanoramic Laboratories. © 2021 FastCap Systems Corporation. All Rights Reserved.

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Appoints Christopher Cormier to General Manager of North America & VP of Sales


SoPost, a state-of-the-art online sampling platform, today announced the appointment of Christopher Cormier to the role of General Manager, North America and VP of sales. In his new role, Cormier will lead growth and innovation for SoPost in the U.S. market, along with expanding the team for SoPost — helping scale SoPost in the top market and bring its unique and proven platform to more customers.

According to a recent CBInsights Report, innovation in beauty tech is expected to continue to rise into 2022, presenting a prime opportunity for SoPost to lead the online product sampling market.

Out of Sopost’s North American operations in New York City, Cormier brings a plethora of relevant industry experience to his new role. He has a proven track record of scaling businesses, which will help him excel in this new role. Most recently, Cormier was the Industry Manager for Fashion Global Accounts at Walmart Connect (WMC). As part of the inaugural leadership team that brought Walmart’s media business in-house, he built and led the team focused on strengthening relationships with the company’s most important fashion brand partners. In the span of 2.5 years, he grew the business 500 percent and developed unique partnerships for WMC within the influencer, marketing, and branded content spaces.

“Chris is an incredible ‘developer of people,’ which will allow him to lead growth in the United States market,” said Jonny Grubin, CEO and Founder of SoPost. “I look forward to collaborating with him as we look to 2022 and beyond. He’ll bring immense value to our leadership team as we plan our future and growth in the US market.”

Prior to Walmart, he spent three years as Head of Sales at SocialCode, a top social media agency managing the team in charge of new business development. During his tenure, the team drove over $200MM in new billings from partners including Dior, Louis Vuitton, Estee Lauder Companies, and Bloomingdales.

“I’m thrilled to be joining such an innovative company. As product sampling is booming globally, I couldn’t have picked a better time to join the company. I look forward to powering up our teams in the US and driving innovation for our brand partners,” said Cormier.

To learn more please visit: SoPost.com

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Media Contact:

Alex Everakes, PR for SoPost

SamsonPR

312-937-1535

Alex@samsonpr.com

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ST Engineering iDirect partners with XipLink to implement advanced security feature for 4G LTE deployments across Europe and Africa


“We look forward to enhancing our offering and extending our delivery of 4G services to our existing and new customers with the launch of Turksat 5B.” – Mehmet Fuat Eroglu, Director of Satellite Services Corporate Solutions, Turksat

ST Engineering iDirect, a global leader in satellite communications, has collaborated with technology provider XipLink to implement a security feature required for 4G backhaul services. The feature will support IP security (IPsec) encryption with CMPv2 digital certificate management, building upon the existing high levels of security already offered by ST Engineering iDirect whilst maintaining satellite traffic optimization and acceleration. The new functionality has been tested and certified by satellite operator Turksat.

CMPv2 is a feature-rich and flexible certification exchange protocol standard which supports any type of cryptography. It is a standard requirement for mobile operators that ensures secure functionality and is essential to enable the optimization and acceleration of 3G, 4G and 5G backhaul services.

The three companies have invested time, equipment and expertise in the development and testing of the additional security feature in XipLink’s software, which forms an integral part of the ST Engineering iDirect SatHaul-XE solution. Turksat will benefit from the ability to securely extend its mobile services throughout the Middle East region, providing a seamless customer experience. Leveraging Turksat’s HTS architecture coupled with next-generation satellite ground infrastructure, will result in lower bandwidth costs, improved throughput levels, increased network efficiency and the best end-user experience. With the anticipated launch of the Turksat 5B satellite later this year which will expand the operator’s coverage across Europe and Africa, Turksat will leverage the solution to provide 4G cellular backhaul coverage to 100 rural sites. Live tests of the feature have achieved 200 Mbps on satellite links without compromising acceleration or optimization.

“This new feature expands the scope of IPsec management for mobile networks,” said Semir Hassanaly, Head of Cellular Backhaul and Trunking, ST Engineering iDirect. “Working closely with Turksat and Xiplink, we were able to quickly respond and implement the functionality they needed that differentiates their service offering to MNOs, providing an enhanced user experience to the downstream subscriber.”

“ST Engineering iDirect and XipLink have a strong relationship that is more than a decade mature,” commented Jack Waters, CEO at XipLink. “In the last few years, we have assisted with enhancing the SatHaul-XE solution to include high capacity GTP acceleration, advanced packet aggregation and the latest WAN optimization benefits. Today, our partnership extends IPSec security capabilities to include automation of encryption keys using CMPv2 standards, which have been fully tested by Turksat and their downstream MNO customers.”

“We are pleased to have been able to work so collaboratively with the ST Engineering iDirect and Xiplink teams and to be the first operator to implement this additional security feature,” commented Mehmet Fuat Eroglu, Director of Satellite Services Corporate Solutions, Turksat. “We look forward to enhancing our offering and extending our delivery of 4G services to our existing and new customers with the launch of Turksat 5B.”

The SatHaul-XE solution is now available across the full range of ST Engineering iDirect product lines.

*****

ST Engineering North America is the U.S. headquarters of ST Engineering, a global technology, defense and engineering group with a diverse portfolio of businesses across the aerospace, smart city, defense and public security segments. Based in Alexandria, VA, it has major operations across 16 cities in 12 states and employs about 5,000 people providing innovative products and solutions to commercial and government customers across diverse market segments.

ST Engineering iDirect, a subsidiary of ST Engineering North America, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. Through the merger with Newtec, a recognized industry pioneer, the combined business unites over 35 years of innovation focused on solving satellite’s most critical economic and technology challenges and expands a shared commitment to shaping the future of how the world connects. The product portfolio, branded under the names iDirect and Newtec, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is the world’s largest TDMA enterprise VSAT manufacturer and is the leader in key industries including broadcast, mobility and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information on our platforms please visit http://www.idirect.net.

Media contacts:    

Julie Bettinger

Vice President, Corporate Marketing

ST Engineering iDirect

Phone:    +1 703 648 8155

Email:    jbettinger@idirect.net

Guy Shields

Director, Corporate Communications

ST Engineering North America

Phone:    +1 703 739 2610

Email:    guy.shields@stengg.us

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